Saturday 17 October 2026
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Novagold Resources Inc.
In the quarter to August 2026, EPS fell 105.3%, free cash flow fell 261.1% and total debt rose 9.15%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
6.60
0.04
+0.61%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to November
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 3.50 | 3.35 | 3.41 | 3.42 | 4.65 | 6.40 | 4.06 | 3.25 | 2.23 | 2.26 |
Analyst estimates 2026–2028 Powerpack |
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| High | 7.29 | 6.21 | 5.05 | 9.21 | 12.85 | 10.45 | 8.36 | 6.98 | 4.88 | 10.90 | |||||
| People | |||||||||||||||
| People | Employees | 13 | 13 | 13 | 12 | 13 | 14 | 13 | 13 | 14 | 12 | ||||
| Revenue/emp, $m | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | — | — | — | ||||
| Gross margin, % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | |||||
| EBT | (34) | (37) | (31) | (26) | (34) | (40) | (53) | (47) | (45) | (95) | |||||
| EBT margin, % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| Net income | (34) | (39) | (113) | (28) | (34) | (41) | (53) | (47) | (46) | (95) | |||||
| Depreciation | — | — | — | — | — | — | — | — | — | — | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| Earnings | (0.11) | (0.12) | (0.35) | (0.09) | (0.10) | (0.12) | (0.16) | (0.14) | (0.14) | (0.25) | |||||
| Cash flow | (0.02) | (0.03) | (0.03) | (0.02) | (0.03) | (0.03) | (0.04) | (0.02) | (0.04) | (0.04) | |||||
| Capex | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| Free cash flow | (0.02) | (0.03) | (0.03) | (0.02) | (0.03) | (0.03) | (0.04) | (0.02) | (0.04) | (0.04) | |||||
| Book value | 0.94 | 0.88 | 0.50 | 0.42 | 0.34 | 0.24 | 0.09 | (0.02) | (0.14) | 0.44 | |||||
| Shares, m | 320 | 322 | 322 | 326 | 329 | 332 | 333 | 334 | 334 | 375 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | — | — | — | ||||
| P/S | — | — | — | — | — | — | — | — | — | — | |||||
| P/B | — | — | — | — | — | — | — | — | — | — | |||||
| EV/Sales | — | — | — | — | — | — | — | — | — | — | |||||
| EV/FCF | — | — | — | — | — | — | — | — | — | — | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | (7) | (8) | (10) | (6) | (10) | (10) | (12) | (8) | (13) | (14) | ||||
| Capex | — | — | — | — | — | 0 | — | 1 | 1 | — | |||||
| Free cash flow | (7) | (8) | (10) | (6) | (10) | (10) | (12) | (7) | (12) | (14) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 104 | 81 | 166 | 147 | 193 | 165 | 148 | 123 | 98 | 113 | ||||
| Total debt | 85 | 90 | 97 | 104 | 110 | 116 | 124 | 137 | 152 | 166 | |||||
| Net debt | (20) | 6 | (71) | (45) | (12) | (53) | (2) | 11 | 50 | 51 | |||||
| Shareholders’ equity | 300 | 284 | 161 | 138 | 111 | 78 | 30 | (8) | (47) | 164 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | (8.04) | (9.67) | (34.19) | (10.96) | (14.27) | (19.15) | (29.80) | (32.00) | (37.54) | (42.48) | ||||
| ROIC | (6.73) | (6.90) | (18.91) | (17.98) | (21.06) | (92.53) | (108.89) | (907.60) | (820.98) | (13.75) | |||||
| ROE | (10.75) | (13.35) | (50.71) | (18.59) | (26.99) | (42.89) | (98.61) | (431.76) | 163.99 | (162.68) | |||||
Negative figures in brackets.
Fiscal years to Nov 2010 · latest quarter Nov 2011 · fundamentals updated 12 Oct 2026
Charts ten years each
Novagold Resources Inc. vs peers in Gold (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| OR OR Royalties Inc. | $6.6B | 23.5× | 24.0× | +62.05% (above 0%: growing) | +94.12% (above 0%: growing) | +61.89% (above 0%: growing) | 84.05% | 77.00% | Compare |
| SSRM Silver Standard Resources Inc. | $6.5B | 27.5× | 6.4× | +9.46% (above 0%: growing) | +6.82% (above 0%: growing) | −46.58% (below 0%: shrinking) | 60.87% | 43.19% | Compare |
| ARIS Aris Mining Corporation | $3.6B | 12.5× | — | +62.31% (above 0%: growing) | n/m | −140.02% (below 0%: shrinking) | 58.58% | 48.02% | Compare |
| FSM Fortuna Mining Corp. | $3.1B | 8.7× | — | +38.19% (above 0%: growing) | +108.33% (above 0%: growing) | +246.98% (above 0%: growing) | 57.62% | 49.28% | Compare |
| NG Novagold Resources Inc. | $2.9B | — (loss-making) | — | −36.57% (below 0%: shrinking) | n/m | −261.13% (below 0%: shrinking) | 0.00% | 0.00% | |
| AAUC Allied Gold Corporation | $2.9B | — (loss-making) | 5.3× | +45.37% (above 0%: growing) | n/m | −202.76% (below 0%: shrinking) | 46.04% | 41.88% | Compare |
| DRD DRDGOLD Limited | $2.2B | 154× | — (loss-making) | −6.32% (below 0%: shrinking) | n/m | +308.04% (above 0%: growing) | 31.56% | 0.00% | Compare |
| HYMC Hycroft Mining Holding Corporation | $1.6B | — (loss-making) | — (loss-making) | −52.23% (below 0%: shrinking) | n/m | −40.94% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| IAUX i-80 Gold Corp. | $1.3B | — (loss-making) | — | −12.53% (below 0%: shrinking) | n/m | −472.24% (below 0%: shrinking) | 37.75% | (140.19%) | Compare |
| Median of peers | $3.0B | 23.5× | 6.4× | +23.83% | +94.12% | −43.76% | 51.83% | 42.54% |
Novagold Resources Inc. (NG) key facts
- Novagold Resources Inc. (NG) is a Gold company in the Basic Materials sector, listed on NYSE American.
- As of October 16, 2026, NG traded at $6.60, a market capitalization of $2.9 billion.
- Return on equity was −162.7% and debt-to-equity 0.46.